Farmgate Springs II

Key facts from Farmgate Springs II's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Farmgate Development, LLC

Assessments & dues

Not fixed; Board determines amount reasonably necessary to meet budgeted expenses. (Article V Section 4)

Special assessments

Homeowners Association may levy special assessment for capital improvements for that year only. Board determines lump sum or installment payments with interest rate set by Board. (Article V Section 5)

Collections & liens

Annual and special assessments, with interest, costs and reasonable attorney fees, shall be a charge on each owner's Lot and improvements and a continuing lien. Association may foreclose the lien. Lien subordinate to first mortgage. (Article V Sections 2, 9)

Reserves & fees

Board may establish a reserve account from assessments. (Article V Section 4)

Pets

Household pets (dogs, cats, etc. traditionally recognized as household pets in geographic area) may be kept but not for commercial purposes. All household pets shall at all times be confined to the Lot except when walked under control of re (Article III Section 5)

Parking & vehicles

Prohibited on street for more than 24 hours aggregate per year. (Article III Section 3(c))

Signs & flags

One sign for sale or rent not exceeding 9 square feet; Developer may erect larger signs for Village of Farmgate advertising, lot number signs, sold signs. Occupant name signs allowed by zoning. (Article III Section 9)

Setbacks / home size

One-story: minimum 1,200 sq ft total floor area. One-and-one-half or two-story: minimum 1,400 sq ft with minimum 800 sq ft on first floor. Basement areas, garages, decks, open porches not included. (Article IV Section 3)

Maintenance

Owner responsible for repair of residence, maintenance of lot, fences, landscaping, sidewalk, driveway, etc. Homeowners Association responsible for maintenance of any common area and common open space, private roads, islands in right-of-way (Article III Sections 10-11; Article V Se)

Voting & meetings

Two classes: Class A (Lot Owners) one vote per lot; Class B (Developer) one vote per all lots in subdivision (including sold). Class B ceases on earliest of Dec 31, 2010, 100% lots conveyed, or Developer elects conversion. If multiple owner (Article V Section 11)

Amendments

Covenants may be canceled, altered or amended by affirmative vote of owners of 75% of Lots subject to restrictions; amendment recorded. Provisions of Article V Section 1 (Tree Canopy) require prior written approval of Louisville Metro Plann (Article VI Section 1)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.